Steps Taken by the Central Government: PIB

20-Jan-2025 11:40 AM

Steps Taken by the Central Government: PIB
The central government has taken timely and proactive steps to maintain price stability, benefiting both consumers and farmers. Favorable monsoon and weather conditions in 2024-25 are expected to boost pulse production compared to the previous year.
Tur production is estimated at 3.502 million metric tons (2.5% higher than last year's 3.417 million metric tons), and kharif moong production at 1.383 million metric tons (20% higher than last year's 1.154 million metric tons).
Production of chana and masoor is also expected to improve.
In 2022-23 and 2023-24, the El Niño effect reduced production of key pulses like tur, chana, and urad, creating price stability challenges exacerbated by trade disruptions and speculative activities.
To boost domestic production, the Ministry of Agriculture removed procurement limits under the Price Support Scheme (PSS) for pulses like tur, urad, and masoor, ensuring 100% MSP procurement in 2024-25.
Duty-free import policies for tur, urad, and masoor have been extended until March 31, 2025. Similarly, duty-free imports for yellow peas are allowed until February 28, 2025, and for chana from May 2024 to March 31, 2025.
Retail sales of chana dal, moong dal, and masoor dal under the "Bharat" brand continued, along with regular engagement with retailers and organized retail chains.
As a result of these efforts, retail inflation for pulses dropped from 19.54% in January 2024 to 3.83% in December 2024, benefiting both consumers and farmers.